Indian Renewable Energy Development Agency (IREDA) is an entirely owned Government of India (“GoI”) undertaking beneath the executive keep an eye on of the Ministry of New and Renewable Energy (the “MNRE”). The Company used to be notified as a“Public Financial Institution” (“PFI”) beneath Section 4A of the Companies Act, 1956 by means of the Department of Company Affairs, Ministry of Law, Justice and Company Affairs, Government of India on October 17, 1995 and is registered with the Reserve Bank of India (the “RBI”) as a Systemically Important Non-Deposit-taking Non-Banking Finance Company (a “NBFC-ND-SI”), with Infrastructure Finance Company (“IFC”) standing.
IREDA is a monetary establishment with over 36 years of revel in within the industry of marketing, creating, and 241 extending monetary help for brand new and renewable calories (“RE”) initiatives, and effort potency and conservation (“EEC”) initiatives. They supply a complete vary of economic merchandise and similar services and products, from challenge conceptualization to post-commissioning, for RE initiatives and different price chain actions, equivalent to apparatus production and transmission.
As of June 30, 2023, that they had a varied portfolio of Term Loans Outstanding, amounting to ₹472,066.63 million, as defined in “Competitive Strengths – Track record of growth, geared towards high-quality assets, diversified asset book, and stable profitability” as in keeping with the DRHP filed. The corporate financed initiatives throughout more than one RE sectors equivalent to solar energy, wind energy, hydropower, transmission, biomass together with bagasse and commercial co-generation, waste-to-energy, ethanol, compressed biogas, hybrid RE, EEC, and green-mobility. They additionally be offering monetary merchandise and schemes for brand new and rising RE applied sciences equivalent to biofuel, inexperienced hydrogen and its derivatives, battery calories garage methods, gas cells, and hybrid RE initiatives. They be offering a complete suite of economic services together with more than a few fund-based and non fund-based merchandise. Some of our key fund-based merchandise for RE builders are long-term, medium-term, and non permanent loans (for initiatives, production, and kit financing), top-up loans, bridge loans, takeover financing, and loans towards securitization of long term money flows. They additionally supply line of credit to different NBFCs for on-lending to RE and EEC initiatives.
Objects of the Issue
- Gross proceeds of the Fresh Issue
- Less: Fresh Issue similar bills*
- Net Proceeds
IREDA IPO Review (Apply or Not)
Brokerage Firm IPO Review
- Capital Market: To be up to date quickly
- Religare Broking: To be up to date quickly
- Hem Securities: To be up to date quickly
- Arihant Capital: To be up to date quickly
IREDA IPO Date & Price Band Details
| IPO Open: | 2023 |
| IPO Close: | 2023 |
| IPO Size: | Approx ₹[.] Crores |
| Fresh Issue: | Approx ₹[.] Crores |
| Offer for Sale: | Approx ₹[.] Crores |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹[.] to ₹[.] Per Share |
| IPO Listing on: | BSE & NSE |
| Retail Quota: | 35% |
| QIB Quota: | 50% |
| NII Quota: | 15% |
| Discount: | N/A |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
IREDA IPO Market Lot
The IREDA IPO minimal marketplace lot is [.] stocks with ₹[.] software quantity. The retail traders can follow up-to 13 rather a lot with [.] stocks or ₹[.] quantity.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | – | ₹- |
| Retail Maximum | 13 | – | ₹- |
| S-HNI Minimum | 14 | – | ₹- |
| B-HNI Minimum | 68 | – | ₹- |
IREDA IPO Allotment & Listing Dates
The IREDA IPO date is 2023 and the shut date is 2023. The IREDA IPO allotment can be finalized on 2023 and the IPO list on 2023.
| Price Band Announcement: | 2023 |
| Anchor Investors Allotment: | 2023 |
| IPO Open Date: | 2023 |
| IPO Close Date: | 2023 |
| Basis of Allotment: | 2023 |
| Refunds: | 2023 |
| Credit to Demat Account: | 2023 |
| IPO Listing Date: | 2023 |
You can take a look at IPO subscription standing and IPO allotment standing on their respective pages.
IREDA IPO Form
How to use for the IREDA IPO? You can follow for IREDA IPO by means of ASBA to be had for your checking account. Just cross to the web financial institution login and follow by means of your checking account by means of settling on the IREDA IPO within the Invest phase. The different possibility is you’ll be able to follow for IREDA IPO by means of IPO bureaucracy downloaded by means of NSE and BSE. Check out the IREDA bureaucracy – Click BSE Forms & NSE Forms clean IPO bureaucracy obtain, fill, and post for your financial institution or along with your dealer.
IREDA Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹2658 | ₹2088 | ₹346.38 |
| 2022 | ₹2874 | ₹2040 | ₹633.53 |
| 2023 | ₹3483 | ₹2344 | ₹864.63 |
| 2024 3M | ₹1143 | ₹704 | ₹294.58 |
IREDA IPO Valuation – FY2023
Check IREDA IPO valuations element like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) main points.
| Earning Per Share (EPS): | ₹1.29 in keeping with Equity Share |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 15.43% |
| Net Asset Value (NAV): | ₹25.98 in keeping with Equity Share |
Peer Group
- REC Limited
- Power Finance Corporation
- THE PRESIDENT OF INDIA, ACTING THROUGH THE MINISTRY OF NEW AND RENEWABLE ENERGY, GOVERNMENT OF INDIA
IREDA IPO Registrar
Link Intime India Private Limited
Telephone: +91 81 0811 4949
Email: [email protected]
Website: www.linkintime.co.in
IREDA IPO Allotment Status Check
Check IREDA IPO allotment standing on Linkintime website online allotment URL. Click Here
IREDA IPO Lead Managers aka Merchant Bankers
- BOB Capital Markets Limited
- SBI Capital Markets Limited
- IDBI Capital Markets & Securities Limited
Company Address
IREDA Limited
India Habitat Centre, East Court,
Core 4A, 1stFloor, Lodhi Road,
New Delhi –110003, India
Telephone: +91 11 24682214
Email: [email protected]
Website: www.ireda.in
IREDA IPO FAQs
What is IREDA IPO?
When IREDA IPO will open?
What is IREDA IPO Investors Portion?
How to Apply the IREDA IPO?
How to Apply the IREDA IPO via Zerodha?
How to Apply the IREDA IPO via Upstox?
How to Apply the IREDA IPO via Paytm Money?
What is IREDA IPO Size?
What is IREDA IPO Price Band?
What is IREDA IPO Minimum and Maximum Lot Size?
What is the IREDA IPO Allotment Date?
IREDA IPO allotment date is 2023.
What is the IREDA IPO Listing Date?
IREDA IPO list date is 2023. The IPO is to checklist on BSE and NSE.
Note: The IREDA IPO worth band and date aren’t formally introduced but. The IPO gray marketplace top class (IREDA IPO Premium) can be added to the IPO gray marketplace web page as it’s going to get started).
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– Source : IPOWATCH